Review the Inquirer to determine Baldwin\'s current strategy. How will they seek

Question

Review the Inquirer to determine Baldwin's current strategy. How will they seek a competitive advantage? From the following list, select the top five sources of competitive advantage that Baldwin would be most likely to pursue.
Select: 5
   Offer attractive credit terms
   Reduce labor costs through training and recruitment
   Add additional products
   Seek the lowest price in their target market while maintaining a competitive contribution margin
   Seek high automation levels
   Seek high plant utilization, even if it risks occasional small stockouts
   Reduce cost of goods through TQM initiatives
   Accept lower plant utilization and higher capacities to insure sufficient capacity is available to meet demand
   Increase demand through TQM initiatives
   Seek excellent product designs, high awareness, and high accessibility

Explanation / Answer

Baldwin would be most likely to pursue:

1) Seek the lowest price in their target market while maintaining a competitive contribution margin.

2) Seek excellent product designs, high awareness, and high accessibility.

3) Seek high automation levels.

4) Offer attractive credit terms.

5) Add additional products.

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